Trump’s Memecoin Gala Draws Celebrities, Crypto Moguls and Criticism

While many attendees remained anonymous, several recognizable figures were present, including NBA champion Lamar Odom and crypto entrepreneur Justin Sun.

Odom posted enthusiastically on X (formerly Twitter) before entering the event, writing,

“Think about it—what meme coin has ever done this?”

Meanwhile, Justin Sun, founder of Tron and reportedly the largest holder of $TRUMP, also attended the gala. Sun shared that he was awarded the “Trump Golden Tourbillon” watch, an exclusive item listed at $100,000 on the Trump Watches website.

Despite the gala’s fanfare, it drew sharp criticism from lawmakers and mixed reactions from attendees. Critics accused Trump of “selling access” to foreign actors and raised concerns about national security risks tied to his crypto involvement. These allegations arrive as Congress debates two key crypto bills—one regulating stablecoins, another covering broader market reforms.

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Sun’s presence added further controversy. His multi-million dollar investments in Trump-backed World Liberty Financial, combined with the SEC’s recent pause on its fraud case against him, have made him a focal point for scrutiny.

Not everyone left satisfied. Influencer Nicholas Pinto described the event’s food as “Walmart steak,” while Bloomberg reported that Trump stayed at the event for just over an hour.

Trump, who recently returned from a Middle East investment tour, used his speech to boast about trillions in deals with Gulf nations—raising both eyebrows and political tension at home.

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